Building Details

Year Built 1989

Listing Agency: Northmarq Multifamily, LLC b***@northmarq.com Show Phone

Listed By: Brendan Greenheck · License #22004896 Show Phone

Source: Compass

Added: May 31, 2025 Changed: Aug 23 Last Checked: Aug 24 at 12:22PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq Multifamily, LLC

Investment Insights

Based on property information with market context.

This multifamily property features 18 units. The property is suitable for residential income purposes and other apartment building uses. The property contains a total area of 20,556 square feet.

Key Highlights

• Multifamily property with 18 units.
• Price per unit: $288,889.
• Built in 1989.

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Carpet & Flooring Store Electrical Service Catering Service (Bike/Boat/Book/etc) Store Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

886

Businesses Nearby

Explore this area Business Placement

Demographics for 98272, WA

31,127

Population

10,313

Households

3

Avg Household Size

38

Median Age

29%

College-Educated

92%

High-School Grad

106.3 sq mi

ZIP Area

293

Density / Sq Mi

$115,894

Median Household Income

$51,879

Median Earnings

$1,902

Median Rent

$638,300

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property featuring 18 units.

Where is this apartment building located?

The property is located at 520 South Kelsey Street Monroe, WA.

What is the asking price?

The asking price for this property is $5,200,000.

What are key features of this property?

This property features: Multifamily property with 18 units.; Price per unit: $288,889.; Built in 1989.